"The market loves to surprise us when everyone is already confident they know what’s next." As of 18:25 on February 27, 2026, Bitcoin is holding around $65,980, and this looks like a pause before a new move. Many talk about a return to $70,000, but I’m not in a hurry to celebrate yet. After news of a lawsuit against Jane Street, the usual "sell-off at 10 a.m." that had been unsettling traders for several weeks disappeared. This seems like an interesting coincidence in timing. But does it mean that the pressure has truly disappeared for good? I wouldn’t jump to such quick conclusions.
Right now, there’s a lot of talk about Bitcoin potentially quickly returning to $70,000. But for me, it’s important to understand that any growth must be backed by real demand, not just emotions. So far, the movement looks more like a cautious bounce after pressure rather than a confident upward reversal. If the price approaches around $68–69K, there could be strong selling. Many will want to lock in profits in this zone. And the round number of $70,000 always acts as a psychological barrier. Without significant volume, it will be difficult to break through.
To briefly answer three questions, my position is as follows: 1️⃣ I think the lawsuit against Jane Street may have partially contributed to the disappearance of the “sell-off at 10 a.m.,” but I don’t believe it’s the only reason, because the market is much broader and more complex; 2️⃣ I see the key resistance zone before $70,000 in the range of $68,500–$69,500, and the $70K mark itself is already a strong psychological barrier where many will want to lock in profits; 3️⃣ personally, I am not increasing my positions now, but waiting for a possible dip, because it’s more important for me to enter calmly after a correction than to risk on emotions.
My current strategy is more about patience than active actions. I see that the market has not yet definitively decided on a direction. Often, after such a bounce, there’s another wave of decline to “shake out” the impatient. I don’t rule out such a scenario. If there’s a deeper drop, I will consider buying in parts. It’s important for me not to invest the entire amount at once. Calmness and a cool head are more valuable now than quick profits.
I also pay attention to the sentiment in the community. When most start actively believing in quick rises above $70,000, that’s a signal for me to be cautious. The market often moves against the expectations of the majority. Without strong volume and support from big players, a breakout could be short-lived and false. Sharp pullbacks after false breakouts are usually very painful. So I’m not chasing the price. It’s better to wait for clearer confirmation.
I write this as an ordinary investor who wants to make thoughtful decisions. I’m genuinely interested in how you see this situation. Do you believe that this time, $70,000 will be broken without a strong pullback? Where is your threshold after which you’ll say the trend has truly turned bullish? Are you already entering the market or waiting for a correction? And what’s more important for you now — the speed of movement or its stability?
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NewName
· 8h ago
Thank you for information!
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Mosfick
· 9h ago
68-69k rejection zone is exactly what i'm watching too
₿ 📈 📊 💰 🔥 🚀⚡️ 💹 🐂 ⏳ 🎯
"The market loves to surprise us when everyone is already confident they know what’s next." As of 18:25 on February 27, 2026, Bitcoin is holding around $65,980, and this looks like a pause before a new move. Many talk about a return to $70,000, but I’m not in a hurry to celebrate yet. After news of a lawsuit against Jane Street, the usual "sell-off at 10 a.m." that had been unsettling traders for several weeks disappeared. This seems like an interesting coincidence in timing. But does it mean that the pressure has truly disappeared for good? I wouldn’t jump to such quick conclusions.
Right now, there’s a lot of talk about Bitcoin potentially quickly returning to $70,000. But for me, it’s important to understand that any growth must be backed by real demand, not just emotions. So far, the movement looks more like a cautious bounce after pressure rather than a confident upward reversal. If the price approaches around $68–69K, there could be strong selling. Many will want to lock in profits in this zone. And the round number of $70,000 always acts as a psychological barrier. Without significant volume, it will be difficult to break through.
To briefly answer three questions, my position is as follows: 1️⃣ I think the lawsuit against Jane Street may have partially contributed to the disappearance of the “sell-off at 10 a.m.,” but I don’t believe it’s the only reason, because the market is much broader and more complex; 2️⃣ I see the key resistance zone before $70,000 in the range of $68,500–$69,500, and the $70K mark itself is already a strong psychological barrier where many will want to lock in profits; 3️⃣ personally, I am not increasing my positions now, but waiting for a possible dip, because it’s more important for me to enter calmly after a correction than to risk on emotions.
My current strategy is more about patience than active actions. I see that the market has not yet definitively decided on a direction. Often, after such a bounce, there’s another wave of decline to “shake out” the impatient. I don’t rule out such a scenario. If there’s a deeper drop, I will consider buying in parts. It’s important for me not to invest the entire amount at once. Calmness and a cool head are more valuable now than quick profits.
I also pay attention to the sentiment in the community. When most start actively believing in quick rises above $70,000, that’s a signal for me to be cautious. The market often moves against the expectations of the majority. Without strong volume and support from big players, a breakout could be short-lived and false. Sharp pullbacks after false breakouts are usually very painful. So I’m not chasing the price. It’s better to wait for clearer confirmation.
I write this as an ordinary investor who wants to make thoughtful decisions. I’m genuinely interested in how you see this situation. Do you believe that this time, $70,000 will be broken without a strong pullback? Where is your threshold after which you’ll say the trend has truly turned bullish? Are you already entering the market or waiting for a correction? And what’s more important for you now — the speed of movement or its stability?
#CanBitcoinReclaim$70K?
#BTC能否重返7万美元?
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